Venco Corporation's December 31, 2010 balance sheet showed the following: 8% preferred stock, $20 par value, cumulative, 10,000 shares authorized; 7,500 shares issued $150,000 Common stock, $10 par value, 1,000,000 shares authorized; 975,000 shares issued, 960,000 shares outstanding 9,750,000 Paid-in capital in excess of par valuepreferred stock 30,000 Paid-in capital in excess of par valuecommon stock 13,500,000 Retained earnings 3,750,000 Treasury stock (15,000 shares) 315,000 Vencos total paid-in capital was $23,430,000. $23,745,000. $23,115,000. $13,080,000